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be having heart ark tax. if you go to the emergency room and you don't need to be there, it's not good for you or anyone else. >> and there's a lot of germs. thanks so much, doctors. stay well, everybody. >> wash your hands. >> jamie: vice-president joe biden getting ready to prohibit his gun control recommend eggs to president obama on tuesday. just about a month after that gunman opened fire inside the connecticut elementary school and killed 20 children. good morning, everyone. welcome to a brand-new hour, america's news headquarters. much more to come. >> eric: i'm eric shawn. good morning. the vice-president suggested last week, he may support universal background checks and banning high-capacity gun magazines. two proposals the national rifle association and others are bound to fight. peter doocy is in washington with more on the plan that is expected to be unveiled this week. >> reporter: good morning. eric, the national rifle association does not think congress can pass an assault weapons ban or a restriction on high-capacity ammunition. and the nra president explained today, h
, of course, in the middle east. but up first, the biggie, taxes. here's christine romans. >> reporter: the challenge, tax reform. for the first time in 20 years, taxes are going up for the rich. they'll pay a higher top marginal income tax rate, higher taxes on dividends and capital gains and a higher estate tax rate, but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in the society, very tiny percentage. i frankly think that there are more taxes coming and they will bite deeper into the middle-class. >> reporter: in fact, two-thirds of americans will pay higher taxes in 2013. the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republ
should seriously look at with tax reform is how do you replace the anti-poor, anti-small business tax. it is the first big hurdle to create a job. how could you design the equivalent for starting your own business? trying to reach out here and realize, every american could be premiership -- of .ntrepreneurshi passing so many laws and regulations and taxes that they kill the start up businesses in ways that are crazy. >> i have to jump in. thank you so much for talking about entrepreneurship. you were there, you were a part of that. there has been so much destruction to the assistance program. talk about rules and regulations. those are things your administration, when you were the speaker of the house, so many of those types of rules and regulations were built into the program, so much that they have not responded to the recession. it is only able to reach about 30% of the children who are poor in this country. an incredible increase in child poverty been. micro finance would may be a great way to insert into the system. if a woman is receiving cash assistance or food stamps and she h
is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do that so we have a baseline for negotiations. >> well, let's revisit what the debt limit actually is. this is about congress paying the bills for what it has already racked up. the white house has made clear that the president will take a look at the proposal. they said it is e
is it will increase -- by not raising the debt ceiling, you should be able to raise taxes on the wealthy, making $200,000 a year or more. host: ok. anthony in greensboro, north carolina, independent. caller: good morning. i have done quite a bit of research on the debt. what i don't hear from anybody, whether from the politicians or people asking questions, is the fact that the united states over the last 10 or 15 years has overwhelmingly started bases all over the world. over 1200 bases. and i cannot get a direct answer to actually how many. each would bring in the amount of money well over $1 trillion in just the maintenance. along with that, on the far side, after deep search, i discovered that the united states in the last eight years, since 1998, i believe, through nasa, they have come to believe in some kind of solar scenario along with an economic scenario and have been spending a lot of money in creating bases or underground cities in preparation, which is understandable, as any other nation, including japan and china have been doing themselves. host: next we will hear from a democratic calle
it was put in place. we just raise tax rates on the well-off so we are doing this in pieces off. declaring victory more angry at each other than they were before and making it harder to do the remaining policies is so we know what we have left we know what we have to the health care cost which the truth is we don't know how to fix the system in its entirety. we have to keep looking at ways to control health care cost and the government programs and medicare and we are going to have to go back and do this every couple of years but we have to study what works and put more of the policies that are working in place. we have to deal with our other entitlement. it's a contentious issue in this country. it's always a political tough battle. but the longer we wait to make the changes for the people the difference of the programs there is no question about that and we have to go forward with tax reform which is great when you talk about it broadly we all know the tax code is a disaster and none of us like the tax code. when you talk about the ability to broaden the base, lower the rate and raise re
the fiscal cliff and the concerns of mayors regarding both investment programs and tax-exempt financing. whenever there's a major issue that demands attention, again and again and again, vice president joe biden has shown the leadership and courage needed to help move our nation in the right direction. and that is why i was certainly hartened when president obama asked vice president biden to lead a special task force to develop responses to the tragedy not only at sandy hook elementary school, but the daily tragedies we see all across america. the nation's mayors and vice president biden have stood together for many, many years in support of public safety. after all, it was then-senator joe biden who championed the crime bill, which established the cops program and included the ban on assault weapons and large-capacity magazines, which congress unfortunately, allowed to expire. yesterday, i was personally very proud to be in the white house as president obama and vice president biden unveiled a strong, comprehensive package of legislative and regulatory reforms needed to response to th
's already too much uncertainty in our tax structure to be doing this again in three months adds to the uncertainty. there are other thoughts as well. twitter available to you, too. stuart, you are up first. good morning. caller: this goes along with the war on weapons. what congress needs to talk about is the everyday city crime, the shootings among drug dealers, the prison industrial complex, what ron paul and ralph nader talk about. real solutions to the debt limit and taxation of illegal drugs, at least marijuana will reduce the deficit, increase revenue, increase jobs. decrease crime in half. host: so what do you think about the strategy from house republicans? what do you think specifically on this as a strategy? caller: i think it's just a big joke. without new revenue. they know. they don't care that we're going down the tubes. they don't care about sese quest ration. now they are talking about the construction industry is going crazy. we need more cheap labor from third world countries. like that's going to help. host: ela is on our democrats line from charlotte, south c
authority is necessary. but there are some others. >> guest: some other examples. let's take corporate tax. it seems likely there will be a year long debate about corporate taxation here in washington in 2013. most businesses are global in some respect. not all but most big businesses for sure. if you're a big business and you look over to champion you'll -- over to china, you'll see promises to have 15% corporate income tax rate. you come the united states, you have no predictable, don't know what it is, and the current rate is much, much higher than that. we need reforms that say to businesses, we want you to invest here in the united states. while we're having this big debate about corporate tax reform, let's include in it specific reforms for the energy sector that in fact are designed to attract a maximum amount of new investment to build a clean energy platform let's have it by a subpart of the corporate tax reform debate. another example? the carbon tax. the carbon tax is a broad-based tax that does not in fact have to have a big impact on consumers. it could be placed on electric u
and said it much better than i will, in fact, maybe if you had it on tape, we'd show it. but tax policy and trade policy. obviously, as the recession hits the world, why, trade policy gets more difficult. and we have troubles getting products into two of our most fast-growing markets, in argentina and brazil, which we could use some government help on keeping those markets open. and, of course, the big one is tax policy. we have the highest corporate tax rate in the world. so that mark barker who is now the ceo of the company and for a young whippersnapper of 55, he's doing a great job, but that he sits every year when he sets the budget, and he has to decide where the last dollar of investment goes. and where it generates the last dollar of profit. so he could get a dollar of profit in the united states for which 60 cents goes out to the shareholder, to the ultimate shareholder. or he can get another dollar, he can get that dollar profit in timbuktu of which 75 cents comes to the average shareholder. so any global company can maneuver around it, procter & gamble does that, i'm sure, be
taxes, slightly more because, slightly more costlier and all of that is caused the economy to government economic -- we have an ability to withstand more that independent than they do, but it's with the same effect. government can't necessary great economic growth but it can create the conditions for which the economies grow. we need understand that's vitally important. so today, look where we are, and you can see that the economy has been in recovery. household net worth has recovered almost pre-recession levels. the economy is almost pre-recession levels. we've added 4.5 million jobs, that still means we afford to go to get back to pre-recession. unemployment rate has dropped to 718%. not enough. housing sector is recovering, we are in the process of a slow steady recovery. the problem is that at about 2% is probably not enough to reduce unemployment measurably from there measurably from your and giving up of 2% is a vital. so that's what we're going to talk about today. i'm very, very hopeful we can do that. we are creating conditions right now to increase economic growth in the priva
when paying property taxes but one man had a different approach he did. he drove to the tax office with $14,000 in change and dollar bills in the back of his suv. he says he lost his tree business in part because he couldn't pay taxes so he went to great lengths to collect this money. >> i had to borrow money. i missed -- missing payments on the home to pay for taxes on this piece of property. my grandkids piggy banks, daughter's piggyÑ]9h banks my money, change and people just offered to help a little bit as they can.(bÑó he says he rolled them himself, staffers at the tax office spent time counting thrk but they d $14,000 worth. >> he's the worst nightmare, ever if you work in a tax office, oh no,. >> surprising they accepted it cash is cash. >> still ahead at 4:00 details in the murder of a wealthy businessman and gang ties that could be connected to his death. >> a bizarre story involving a notre dame star and his fake girlfriend. police are still questioning who was involved in thisx&e#p h. >> talking about smart phone jhñ new and a look at technology that could guarantee
, he said he would not extend any of the bush tax cuts for the wealthy and you did. you say you're not going to negotiate this year, why should house republicans take that seriously and think if we did into the 1 minute until midnight scenario that you will not back down? >> first of all, julianna, let's take the example of this year's fiscal cliff. i did not say we would not have any conversations out all about extending the bush tax cuts. i said we would not extend them for the wealthy. we did not. now, you can argue that during the campaign i said i set the criteria for "wealthy" at $250 on dollars and we ended up being a $400,000, but millionaires are paying more taxes, just as i said. from the start, my concern was making sure we had a tax code that was fair and protected the middle class. when biggest priority is making sure that middle-class taxes did not go up. the difference between this year and 2011 is the fact that we have already made $2 trillion in cuts. at the time, i indicated that there were cuts that we could sensibly make that would not damage our economy, wou
, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for the financial industry when it comes to the home market. people worked all their lives to provide a home and held for ways to get it paid off before they retire. this is the one area that the government needs to regulate and regulate closely and i am glad we're finally doing that. now, of course, we have drawn a line in the sand that we can hopefully reclaim. can we hope that it will ever change back to what we thought we had been through? guest: an excellent question. another one to add to that is -- will the regulators have the appetite to regulate this closely? making sure that banks are abiding by these rules? we had a system going
is a tax credit that was part of the economic stimulus originally, he sought $500 and i think ultimately, law was less than that. that was a classic compromise that he did not get. another compromise was his promise to repeal the bush tax cuts for higher income. his goal was couples making more than 200th $50,000 or couples making $200,000 and the fiscal cliff deal did not achieve that. we rented that a compromise. let's go to fort lauderdale,. caller: with respect to not keeping a promise for negotiations with a health kicce -- i think that a somewhat wrong. i have watched the other representatives of congress on tv every day negotiating and debating and putting their facts together. the final decision between nancy pelosi and the head of the sun -- of the senate when they finally came out with exactly what the bill would be -- it was done behind closed doors. the putting together of the bills, people putting in their amendments, was actually done on cspan every day and i watched that. secondly, with respect to these people calling about taking away guns. there is nothing about taking a
not want to do it. he actually does want to negotiate on spending and tax reform. what he does not want to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if
on the republicans in the house over spending, gun control immigration, and tax reform. >> he's now got to be the guy in charge, the guy who inspires the american people, and who gets them behind his principles and his policies. >> reporter: but this weekend as he takes the oath on bibles which belonged to president lincoln and dr. king president obama wants to remind the nation of its traditions. >> the inauguration reminds us of the role that we have as fellow citizens in promoting a common good. >> reporter: now today is a day of service in honor of dr. king. monday, the swearing in, the celebration, and then when the party's over after the inaugural balls on monday night, it will be back to the same battles and the hope that it won't be just business as usual. rebecca, anthony? >> bill plante at the white house. thank you, bill. >>> while the president's opponents are observing the traditional truths to the inauguration, can president obama hope for a new term. let's talk with debbie wassermann schultz. >> good morning. thanks for having me. >> congresswoman
and keep going -- it needs to bring millions of people with it. the robin hood tax, the campaign the nurses have -- $350 billion a year from wall street for a minimum tax. you know what one of the legislator said to one of our nurses going to the capitol and talking about the wall street tax? she said, you nurses need to lower your expectations. the nurse looked at her and said, would you like for me to say that to you when i am prepare you for surgery? the true story. i mean, honestly, literally, it is a disgrace -- lower your expectations? i see what is happening out here every day. we're not going to lower our expectations. we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care syste
to raise taxes and democrats don't want to touch entitlements it will be a heavy left but may bring optimistic. >> gregg: do allies of president obama maybe there is an opportunity to get big things done? >> they do seem encouraged following the house republicans' offer to increase the debt limit nation's built to borrow for three months and in exchange allow the house and senate to pass a budget. republicans would like to see a budget with spending cuts. here a key white house advisor on the g.o.p. offer. >>> we don't think the short term is smart for the economy. two or three months has uncertainty. we are please today see the republicans in the house drop their previous position which was, they were only going to pay the bills they racked up if they got what they wanted in deep spending cuts in medicare and other programs. that is progress. >> reporter: starting a new term president obama has reluctance will ri he is the one politician in washington who does not have to run for reelection. it be interesting to see what he wants to do to try to push big things across the finish li
tax fraud has ballooned in recent years. the report comes from the treasury inspector general for tax administration. it finds that in 2010 more than 91,000 inmates claimed more than $758 million in fraudulent refunds. that's more than double the year before. the i rest stopped most of the fraudulent refunds from actually getting into the hands of prisoners but $35 million still slipped through the cracks. and a number of fraudulent prisoner tax refunds continue to increase in 2011. and 2012. but the irs has yet to put a number on these bogus refunds. it is amazing how this can happen. >> unbelievable. >> time to do a little bit more organizing apparently. >> don't send tax refund paperwork and forms to prisons. that might be a good way to stop that. >> if the address says -- >> you have to be clear. >> thanks jess. >>> christopher kennedy lawford is here to talk about the new book about recovery. and the book signing he's having in our area tonight. >> there they are in our green room. former congressman patrick kennedy also here to [ ma aouer wenvedom tsee thnosorey ut abt eibo whe
that? is there enough tax generated in the economy to offset that? and would disaster occurs are you on the hook for off infrastructure and everything else that may be required to rebuild that community? and asia return on that exposure -- is your return greater? as a taxpayer, the answer is unfortunately too often know. we have subsidize risks to the point where as long as no extreme event occurs, it seems okay. but when the extreme event occurs, you are now exposed to much greater costs without necessary generating revenue or other societal benefits off that risk. now, during the '70s and '80s and through the early '90s, went a lot of growth was taking place in coastal areas and other vulnerable areas, very few storms were occurring. frequency was down. so the allusion was i have lived here for 30 years, this never happens. welcome the problem with climate whether it's 30 year cycles are like an eyelash in understanding how big systems and dynamics work. not talking at any of the forcing issues, and now we find ourselves in this period of increased activity and you are sitting on t
legislation, you're not going to get to be able to identify any of these tax loopholes that we're talking about getting new revenue into the treasury. the first order of business to me, anyway, mr. president, how strong are you on the filibuster? you've stated before that you're in favor of it but he has got to come out and focus the country on how dysfunctional the senate has been. we can't live through 380 filibusters again and we've got to move forward. the only way to do that is to turn to the most politically important man in the country right now and that's harry reid. harry reese got to make the move. >> debt ceiling is date specific, as i mentioned, to peter about gun control, whether or not that's going to come up and where in the press conference that's going to come up as vice president gets ready to put forward the proposals that his gun task force has been drafting over the last several days. one thing is our nbc points out today about whether or not the appetite is lessening for this. they say, you also get the sense that the air is leaking ever so slightly out of this ballo
and it calls him this. >> mr. obama demands the wealthy pay their fair share of taxes, but he is just another elitist hypocrite when it comes to a fair share of security. >> president obama has secret service protection for his daughters, sasha and malia. asking if the president's kids are more important than yours. oh, my goodness, secret service protection, pretty customary for the president and his family. more bill next. these talking points, that the right have, about the "heavy hand of government" ... i want to have that conversation. let's talk about it. really? you're going to lay people off because now the government is going to help you fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. before the sneeze, help protect with a spray. before the tissue, help defend with a wipe. before the cold & flu season help prevent with lysol. because when you have 10 t
taxes, to recover the momentum of our economy and reward the effort and enterprise of working americans. we will build our defenses beyond challenge, lest weakness invite challenge. we will confront weapons of mass destruction, so that a new century is spared new horrors. the enemies of liberty and our country should make no mistake america remains engaged in the world by history and by choice, shaping a balance of power that favors freedom. we will defend our allies and our interests. we will show purpose without arrogance. we will meet aggression and bad faith with resolve and strength. and to all nations, we will speak for the values that gave our nation birth. america, at its best, is compassionate. in the quiet of american conscience, we know that deep, persistent poverty is unworthy of our nation's promise. and whatever our views of its cause, we can agree that children at risk are not at fault. abandonment and abuse are not acts of god, they are failures of love. and the proliferation of prisons, however necessary, is no substitute for hope and order in our souls. where there is
considered, as we take you back out here live, higher fares and even tax measures. but again a lot of people taking bart this morning. a lot of people heading for the door. let's take a live look at our traffic this morning. sal, how is it looking? >>> it's not too bad. people are taking bart. the bart system does look good right now. no major delays reported by them. let's take a look at some of the roads. highway 4, we had an earlier crash at the willow pass off ramp. it did not affect highway 4 too much. people couldn't really see it off the freeway. no major problems. there is slowing in antioch this morning. at the bay bridge toll plaza, it has been backed up for about a 20-minute late, maybe agent bit more than that now. eight kind of crowded. once on the bridge it does look good into the city. 85 and 280 or slow. the pa minutes remark traffic looks -- peninsula, traffic looks snake on 101 and 280 -- looks good on 101 and 280. >>> san jose has had a little bit of a breeze this morning. looks like it's tailing off. that's allowing temperatures to drop. i tried to put together a whole bu
of march. there is no question that these big fiscal issues, taxes and spending will define the first quarter of the president's second term. >> george, talk about this term, the second term curse. we -- reagan had iran-contra, nixon had watergate. clinton had monica lewinsky. why is it that they tend to go sour. >> lyndon jonls had to resign before he ran because of vietnam. ever since roosevelt and the amendment that limited his terms, presidents tend to run out of steam and maybe even get tripped up by scandal in these second terms. i think it's kind of a natural reaction to the fact that power is moving on beyond these presidents because, in fact, they are lame ducks. the obama white house has studied this very, very closely. they know the perils of the second term. they think they can avoid the worst pitfalls, first of all, they are saying there's no scandals on the horizon but believe they can avoid the worst by having a focused agenda and moving fast. >> we'll see if they can. george, thank you very much. george will have a special inauguration edition of "this week" this morni
the aisle and got tax cuts for everyone even though the united states senate switched majority control from republicans to democrats in may of his first year in office. then he worked across the aisle to get education reform done. it can happen, but it takes a president who is willing to be presidential and really lead rather than just demand. >> eric: do you think he can take a page from george w. bush. what did you advise the president at that time and what lessons from that experience that president obama can take as he enters into his second term? >> president bush had the advantage of being a governor where he had to work with other people on the other side of the aisle. he did that successfully in texas. when he got to washington, d.c. he was committed to govern the country, not just the one that demanded change. he wanted to work with the democrats and republicans to bring change to reality. he did a pretty good job of it. very first meeting that george w. bush had at the white house with people outside were leaders of the democratic party. he brought in some of the gray beards of th
, the president wants to do tax reform. republicans are over the tax fight. they figure they've done taxes. they're not going to do that, and that's a part of the president's calculation. if he can't get that, what does he do on the spending side? not much. >> thanks very much to all of you. that's interesting. it does seem to many that tax debate is sort of done, republican or democrat. >> right. >> we had that fight, here we are. >> but the one thing the president does get is to choose what the country focuses on. he doesn't necessarily get to choose the results. he gets to choose what the country focuses on so we'll see. this is a big test for him to pick his priorities. >> that's why tomorrow becomes crucial. we'll learn a lot tomorrow. >> coming up, a rare look at a room inside the nation's capitol, a room that only a few people have ever seen. wow. would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients
. and this is not just the party of the wealthy, he said, and of lower taxes. it has to be, you know, many republicans don't make as much money and pay a much higher percentage of their income in taxes, and they need the party's help, too. i thought he made so many. that was such a potent -- what was it, 30 minutes? >> it really was, but mika, let's talk about the people that want to buy bushmasters. yes, gun sales are moving at a rapid pace. a lot of people are buying two or three. >> they were buying as many as they can get. >> just to keep up with their survivalist neighbors. >> right. >> you can't have enough of those clips, right? >> apparently not. >> maybe they string them around their christmas trees. i don't know what they do with them. but steve rattner, this is the problem the republican party has made. this is the mistake the republican party's made. they listen to the loudest voices. a small, small percentage of americans. and americans, by the way, who don't swing presidential elections. i have been saying it ad nauseam for four years and making extremist conservatives very upset. you do
katrina were not broken. they were people who had worked and had homes and paid taxes. so today, madam speaker, those who are survivors of hurricane sandy are not broken. they are not the cornerstone of the fault of bureaucracy or misuse. they are in fact survivors. they are americans who need our help. and i'd like to add to this discussion, certainly i join and want to comment on one or two of the changes here. in particular the individual assistance factors i think will be very helpful to expedite the declaration process for individuals. i'm very grateful that one of the changes they made, thank goodness, and this is what happened to our seniors, fixing their homes instead of putting them in fema trailers. what a celebration. how many had to stay in fema trailers down in the gulf forever and ever and ever while they watched their homes deteriorate because a few simple repairs could not be made? that is a much-needed step. but i join my colleague from new jersey and say, how can people who are broken and who are in need come up with 35%? and i hope that this will be one that is recon
to get through immigration, gun control. he wants to raise taxes probably again. and the challenge on those issues is, those democrats are, the president doesn't have to run for reelection. but they're worried he'll drag their numbers down. >> what about the people going through the 2014 congressional elections, do they look to the president as being someone who will help them fund-raise? do they rely on him for that or do they move past because he's getting into that lame duck status? >> it totally depends on the member and what kind of house district they represent or the state. except for some extreme cases, democrats representing really red states or obviously republicans, usually when offered the help from the president, they say, yes. the money you get from it is really so good. it's the best find of fund-raiser you can have if you're in a tough race. we'll see if he's popular in a few years. if he's not popular coming up to the 2014 elections, i think we'll see a lot of members fund-raise with him maybe halfway across the country. >> we're going to change to debt ceiling now
country and does washington have enough? how much more must they take from the hard-working americans, tax paying americans who are trying to put their life together every day. i and my colleagues who spoke earlier today believe that washington has enough. we don't need to give her more. mr. speaker, i yield back the balance of my time. thank you. the chair: under the speaker's announced policy of january 3, 2013, the gentleman from california, mr. garamendi, is recognized for 60 minutes as the designee of the minority leader. mr. garamendi: i thank you, mr. speaker. it's good -- it is very, very good that the new 113th congress acted today to reach out in sympathy, compassion and with real support to the people who were so severely impacted by superstorm sandy. one of our colleagues just a moment ago spoke about this nation being at a crossroads, and indeed, we crossed paths many, many times and there are many different crossroads. the people of pennsylvania, new jersey, new york, connecticut and other parts of this great nation here on the east coast, came to a crossroads. that crossroad
on to the tax rolls and hopefully the voting rolls as well. >> the tax rolls piece is important here. the president is beginning to talk about the possibility of entitlement reform. that entitlement reform is on the table. is there a progressive way to do entitlement reform? is there something that the democr democrats should give on this, or ought we be holding the line on these issues? >> well, there is a lot we can do. take medicare for instance. i think that medicare has a way to be fixed. i met this past or two days ago with representatives from the aarp. i have looked at senator beckett's from alaska, a proposal he has put forth for the fixed social security. i really believe that there is a lot that can be done. we just have to sit down and do it in a comprehensive way. i don't think that you should do these things piecemeal. social security has nothing to do with the deficit, and it ought to be dealt with as a separate issue, but it has a lot to do with settling issues in the economy, because social security is a wedge issue if you don't get it fixed. so, let's fix social sec
and the issues we deal with in the coast and trying to tie that to the tax base and relate that both from a local regional perspective but also a national perspective. when you look at it, 30% of this nation's g.d.p. comes from the gulf coast. you look at the population increase we've had. since 1970, there has been 109% increase in the gulf coast region. the people are there, the vulnerabilities are there but also it is significant to what it provides to the nation. from the states perspective and also from the gulf we recognize that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with
, hidden taxes will take a painful bite. inside is the story from that conley who friends the argument more so in the washington d.c. area. local residents will be paying uncle sam more in 2013, between the two percent increase in payroll tax and to lesser known provisions buried in the fiscal cliff deal. there is also the issue of the health care tax, which also may hit some individuals. more details from the washington sunday examiner. the question we are focusing on is whether the president will bypass congress to raise the debt ceiling. we are getting your calls in common. buddy on the republican line. caller: good morning. it would not surprise me that he does raise the debt ceiling. the president alone spent over $1 billion last year just to himself. when does it stop? obviously he has never had a checkbook. i get a bill, i pay it. why do they just keep putting money out, putting money out, not take care of what they're doing doing, not realizing what they're doing? host: they give for the call. this from twitter -- the focus on the 14th amendment, section four, basically says that th
economy and to provide a larger tax base. common sense immigration reform is an important way to address tour changing demographics -- our changing demographics as an aging society. look at me, you'll understand that. we can't harvest our food, care for our sick or sustain our military without immigrants and temporary workers. our current work visa laws contain arbitrary caps that have absolutely no connection to what's happening in the real world. there are very serious limits in scope and difficulty in implementation in these current rules. surely we can do better. in fact, we have to do better if we're going to have the workers we need. what we need is this: a lawful, rational and workable immigration system that secures our borders, provides the workers we need at all skill levels and protects the rights of citizens both undocumented and those legally pursuing citizenship. we believe immigration reform should include the following interrelated components: we must secure our borders and enable people and commerce to flow efficiently and lawfully in and out of our country. we've made s
to take a loan from a 401(k). >> reporter: loans that result in penalties, taxes, and lost interest. people in their 40s are most likely to borrow against their 401(k)s, but the financial pressure doesn't end there. another new study by aarp shows that the older you are, the higher your credit card debt. >> for the first time, people over age 50 are having more credit card debt, $2,000 more, than people who are younger. >> reporter: and that debt makes it more likely they'll borrow against their 401(k). it's a vicious cycle. how to avoid it? experts say you need a rainy day fund that's not your 401(k), and start saving separately for retirement in your 20s so you have at least a year's salary at 35, three years at 45, and by retirement at 67, you should have put away at least eight times your final salary. six years after tapping out their iras, they are both working, and once again saving for retirement. >> we worked very hard to get to where we are today. >> reporter: determined to enjoy their golden years after learning some hard lessons. chris jansing, nbc news, new york. >>> we
less than estimated in tax revenue. but california didn't come away empty handed. it's still expected to take in $1.6 billion from taxes on the sale of facebook stock. >>> organizers say the maverick surf contest is on. they will be facing what could be monster waves. if you want to watch, you'll have to keep your distance. >> reporter: the surf was low today at pillar point, but these waves are expected to grow to monsters by this weekend. fed by a pacific storm, and a strong swell. jeff clark, maverick's invitational contest director says the waves are near perfect. paddle surfer denten chase says although the water seems calm today, the surf here can change quickly to produce world class waves. >> a certain size threshold. i wouldn't go out when it's really big, but i will go out in some size, yeah, and even watch from the shoulder sometimes. >> reporter: the contest was last held in 2010. big waves swept into the spectator area, seriously injurying several people. this year, the crowds will be kept off the beach and off the bluff overlooking the competition. >> the county agencies
, but then flopped. the state took in $600 million less than estimated in tax revenue. but california didn't come away empty handed. it's still expected to take in $1.6 billion from taxes on the sale of facebook stock. >>> organizers say the maverick surf contest is on. they will be facing what could be monster waves. if you want to watch, you'll have to keep your distance. >> reporter: the surf was low today at pillar point, but these waves are expected to grow to monsters by this weekend. fed by a pacific storm, and a strong swell. jeff clark, maverick's invitational contest director says the waves are near perfect. paddle surfer denten chase says although the water seems calm today, the surf here can change quickly to produce world class waves. >> a certain size threshold. i wouldn't go out when it's really big, but i will go out in some size, yeah, and even watch from the shoulder sometimes. >> reporter: the contest was last held in 2010. big waves swept into the spectator area, seriously injurying several people. this year, the crowds will be kept off the beach and off the bluff overlooking
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